What It Means To Be Poor In America

Mark Perry nudged me the other day. We hear so much how bad it is in America. That the middle class is “under attack” and only the Government can save them. Further, the health care debate has pointed out that America spends more on health care than any other nation in the world.

What does this tell us? It tells us that being poor in America means that you have a bigger house than the average European. It tells us that whatever we have been doing, we should do more of it. And that any modeling on Europe would be a mistake.